Uber beats Q3 2026 estimates, targets about 700 driverless vehicles by year-end

What happened

Adjusted EBITDA reached $2.96 billion, up 31% year-over-year.

Gross bookings climbed 20% year-over-year to $59.82 billion, revenue grew 10% to $14.8 billion, and non-GAAP earnings per share hit $0.88. The bigger story, though, may be the cars with nobody in the front seat.

The company plans to have approximately 700 fully driverless vehicles on its platform by the end of 2026. It projects more than 2,000 in 2027.

The quarter, by the numbers Start with gross bookings, the total dollar value of every ride and delivery ordered through the app. That figure rose 20% from the same quarter a year earlier, to $59.82 billion.

Revenue, which is the slice Uber actually keeps, grew 10% to $14.8 billion. Bookings grew at twice the pace of revenue, which is a gap worth keeping an eye.

Non-GAAP EPS of $0.88 marked a 35% jump from the prior-year quarter. Uber logged 4.1 billion trips in the quarter, a 16% increase from a year ago.